AQR Capital Management LLC boosted its stake in shares of Denny’s Co. (NASDAQ:DENN – Free Report) by 63.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 216,694 shares of the restaurant operator’s stock after buying an additional 84,371 shares during the period. AQR Capital Management LLC owned about 0.42% of Denny’s worth $1,539,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in DENN. Rice Hall James & Associates LLC grew its stake in shares of Denny’s by 3.8% in the second quarter. Rice Hall James & Associates LLC now owns 76,010 shares of the restaurant operator’s stock worth $540,000 after acquiring an additional 2,775 shares during the last quarter. CWM LLC raised its holdings in shares of Denny’s by 726.2% in the second quarter. CWM LLC now owns 3,685 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 3,239 shares during the last quarter. Quest Partners LLC bought a new position in shares of Denny’s in the second quarter valued at about $25,000. Canada Pension Plan Investment Board acquired a new stake in Denny’s in the second quarter worth about $31,000. Finally, BNP Paribas Financial Markets increased its position in Denny’s by 20.7% in the first quarter. BNP Paribas Financial Markets now owns 42,593 shares of the restaurant operator’s stock worth $382,000 after purchasing an additional 7,309 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.
Denny’s Trading Up 0.5 %
Denny’s stock opened at $6.03 on Friday. Denny’s Co. has a 12 month low of $5.59 and a 12 month high of $11.16. The company has a market capitalization of $313.67 million, a PE ratio of 14.02, a P/E/G ratio of 1.30 and a beta of 2.02. The stock has a 50-day moving average price of $6.24 and a two-hundred day moving average price of $7.12.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently issued reports on the company. Truist Financial dropped their price objective on Denny’s from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Wedbush decreased their target price on Denny’s from $8.50 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, July 31st. Benchmark reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Denny’s in a report on Wednesday, July 31st. Finally, Oppenheimer decreased their price objective on Denny’s from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $10.40.
Check Out Our Latest Analysis on Denny’s
Denny’s Profile
Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.
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